Posted inPolitics

Over the Fiscal Cliff

Okay.  So, I have an insatiable weakness for corny fiscal cliff puns.  Hopefully this 1915 Clifford Berryman cartoon makes up for it. In any case, I thought I’d weigh in briefly on the incessant Washington discussion about the likelihood that Congress and the president will be able to avoid going over the so-called fiscal cliff […]

Posted inPolitics

Hail to the Chief (Roberts, that is): Some Thoughts on the Legislative Implications of the ACA Ruling

Chief Justice John Roberts put it best yesterday. “We do not consider whether the Act embodies sound policies. That judgment is entrusted to the Nation’s elected leaders. We ask only whether Congress has the power under the Constitution to enact the challenged provisions.” And so the battle over the future of health care reform goes […]

Posted inPolitics

Is Bernanke’s Fed Poised to Do More for the Economy?

Oddly enough, the Federal Reserve’s Federal Open Market Committee and the University of Virginia’s Board of Visitors have something in common:  They make decisions in secret, and they don’t explain themselves very well.  Watching Bernanke’s press conference this afternoon at the close of the FOMC’s June meeting, I couldn’t help but wonder how economists could […]

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